Among the major movers at around noon today are Tudou Holdings Ltd. (NASDAQ: TUDO), Pacific Capital Bancorp (NASDAQ: PCBC), Tranzyme Inc. (NASDAQ: TZYM), Anthera Pharmaceuticals Inc. (NASDAQ: ANTH), Clean Diesel Technologies Inc. (NASDAQ: CDTI).
Tudou is up nearly 147% at $38.00 after posting a new 52-week high of $42.81. Volume is already nearly 60x the daily average of about 67,000 shares traded. The Chinese online video company is merging with competitor Youku Inc. (NYSE: YOKU). More coverage here.
Pacific Capital is up 57% at $45.01 after posting a new 52-week high of $45.45 earlier this morning. Volume is already about 50x the daily average of about 20,000 shares traded. The bank holding company is being acquired by Union Bank for $1.5 billion ($46/share).
Tranzyme is down more -48% at $2.63 after posting a new 52-week low of $1.68 earlier. Volume is already 250x the daily average of around 30,000 shares traded. The company’s bowel drug failed a phase III drug trial.
Anthera is down more than -47% at $3.38 after posting a new 52-week low of $3.08 earlier this morning. Volume is already about 35x the daily average of around 127,000 shares traded. The drug company has unexpectedly cancelled a heart drug trial because the drug does not work.
Clean Diesel Technologies is up more than 54% at $4.80. Volume is already closer to 30x the daily average of around 137,000 shares traded. The biofuel maker reported a net profit for the fourth quarter, where a net loss was expected.
Paul Ausick
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